In the forecast issued Monday, the CMHC gave the low-down on the Canadian housing market, explaining that it’s expected to stay steady through to 2013, with home prices rising moderately and the market seeing high activity. “With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity [...]
Canada’s real estate market is now expected to grow this year rather than decline, as buyers take advantage of continued low interest rates that are intended to offset recent economic turmoil, economists said Tuesday. The comments came after the Canadian Real Estate Association revised its 2011 national forecast for home resales, citing stronger than expected [...]
A new report predicts that Canada’s housing market is poised for a collapse and is only waiting for the trigger of rising interest rates expected for later this year — a view that flies in the face of many other forecasts. Capital Economics calculates Canadian home prices could fall by about 25 per cent — [...]
